HHIC promises to ensure safety [Shipbuilding]
The Ministry of Employment and Labor (MOEL) of Korea and the Korea Occupational Safety Health Agency (KOSHA) performed safety checks on their 27 compatriot workplaces on March 5. The main safety inspection was conducted at Hanjin Heavy Industr...
2018-03-07 07:18:08
Rates going up in drilling market [Offshore]
Drilling market, which has suffered from a deep slump, is showing a hint of recovery. According to Hi Investment & Securities, daily rates of drilling market now regain $300,000 level. It seems increasing scrap activity and rising utility ...
2018-03-07 07:17:31
Korea occupied 42% of total 2017 orders [Shipbuilding]
2017 saw 43.1m gt (21.5m cgt, 1,297 units) of ships ordered, which is 2.3 times more than 2016, according to IHS interim data. It seems global major shipping companies trying to take advantage of attractive ship price had driven the order hike...
2018-03-07 07:16:51
LNG market sloshing in optimism [Shipbuilding]
Shell and other industry players presented an optimistic view on LNG market.   According to Choi Kwang-Sik, a researcher at Hi Investment & Securities, Shell recently emphasized deepwater Oil & Gas again on the base of cost reduction...
2018-03-07 07:15:35
Kim & Chang protects Korean shipyard [General]
Kim & Chang, the largest law firm in Korea, has recently won 'Korea Legal Awards 2018' for the company's efforts to protect its compatriot shipyard against foreign shipowner's claim for returning advances received.  Five lawyers at Kim ...
2018-03-07 07:12:27
LPG as fuel for new series of VLGCs [Shipbuilding]
As an innovative solution to address increasingly stringent emission restrictions in a more environment-friendly way, LPG as a fuel for the main engine will be installed on 2 VLGC newbuildings, which EXMAR has contracted to serve long-term commit...
2018-03-06 07:27:07
Austal awarded Trimaran contract [Shipbuilding]
Following the Memorandum of Understanding (MOU) announced 8 December 2017, Austal (ASX:ASB) announced the award of a A$68 million contract to design and build an 83 metre trimaran ferry for JR Kyushu Jet Ferry of Japan. Australia’s Ambassado...
2018-03-06 07:25:53
Ro-Pax design contract for Deltamarin [Shipbuilding]
Deltamarin announced on March 2 that it has signed a contract with Chinese Guangzhou Shipyard International Co, Ltd (GSI) for consultancy and engineering services for the DFDS ro-pax ferries. Deltamarin earlier carried out contract design of the ...
2018-03-06 07:24:41
Stena Line introduces battery power [Equipment]
Stena Line announced on March 2 that it now takes the next step in the quest to test new environmentally friendly energy types for propulsion of vessels. Recently a contract was signed with Callenberg Technology Group  for batteries  wi...
2018-03-06 07:11:07
Smart Engine in Smart Ship: WinGD-HHI collaborate [Equipment]
Winterthur Gas & Diesel (WinGD) and Hyundai Heavy Industries (HHI) Group recently signed, the first agreement of its kind to integrate their advanced digital technologies to provide greater insight and benefit to ship owners from their engine...
2018-03-06 07:10:24
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